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Am I paranoid about credit usage?

Valued Member

Am I paranoid about credit usage?

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?

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4 REPLIES
Established Contributor

Re: Am I paranoid about credit usage?


afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


yes Smiley Tongue

 

they won't close your accounts for barely using it, every 4 months I buy a hotdog with the ones I don't like to use. but most my cards have a purpose so it's fine.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 2 of 5
Valued Contributor

Re: Am I paranoid about credit usage?


afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


Not at all! I use my cards religiously as well...making sure to use each of them at least once a month...I think I've only ever not spent something on a card during a billing cycle twice o.O I also just let the balances report, making sure to keep well below or at 10% utilization. Will probably make sure to PIF to $0 except on one card when I'm ready for a car loan in the somewhat distant future Smiley Happy


Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Message 3 of 5
Valued Member

Re: Am I paranoid about credit usage?


daybreakgonesXe wrote:

afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


Not at all! I use my cards religiously as well...making sure to use each of them at least once a month...I think I've only ever not spent something on a card during a billing cycle twice o.O I also just let the balances report, making sure to keep well below or at 10% utilization. Will probably make sure to PIF to $0 except on one card when I'm ready for a car loan in the somewhat distant future Smiley Happy


 yeah i do twice because i want to make sure the creditor knows i'm not foolin around

Message 4 of 5
Valued Contributor

Re: Am I paranoid about credit usage?

How many cards do you have? I've notices small gains/decreases for letting more then 3 cards report even if its like 4 dollars
Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
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